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Case Question 12-23 Haver Industries is a leading consumer products company. The companys adapted comparative balance sheets and income statements (in $ millions) follow Haver Industries Comparative Income Statements For the Years Ended December 31 2016 2015 s68,222 s56.741 s51,407 ธ43.377 $40,238 Cost of goods sold Gross proft Research & development expenses Selling, general, & administrative expenses Nonoperabing income (expense) Iaterest expense 33,125 27.872 25,076 22,14 20,989 5.097 28,9 26.33 21,236 19,249 2,075 1,940 1802,665 19,773 16,460 14,702 11,718 12,052 238 (211) 12.413 9,350 7,530 ,383 3,729 3,058 2,9 2,344 2,033 ncome before tases 2.79 .703 1. 6 1.15 $1.03093 0.82 s0.76 Haver Industries Comparative Balance Sheets As of December 31 6,693 6,389 4,232 5,912 $3,427 ,1331,744 ,0 5,725 ,185 4,062 3,038 3,090 6,29 5,006 4,0 3,640 3,456 4,457 3,005 2,6 2,330 ,997 24,32 20,329 7,11S 15,220 12,166 18,770 14,332 14,10S 3,104 13,349 curment assets Property, plant, & equigment, net 89,027 24,13 23,900 13,507 13,430 Deposits & other assees 135,695 $61,527 $57,048 $43,706 $40,776 Liabilities so 4,9103, 3,617 2,795 2,205 2,128 114411,093 4,7572,957 2,925 2,606 2,429 3,360 2,265 2,554 1,879 1,438 4,8304,574 4,64 2,906 3,519 9,985 25,039 22,147 12,358 12,704 12,354 86 2,26 ,396 077 5,344 12,414 12,302 1475 11,201 Notes payable 50 6,69 ,05 $3,113 Current long-term debt Accrued expense current liabilinies current labilities Deferred charges Long-term debt Non-current capital leases Other long term liabilities 4,472 3,230 2,808 2,291 2,088 72,787 43,05 39,770 27,520 27,070 Capital surplus Retained earnings Treasury stock ,976 2,977 2,544 1,297 303 7,856, 2,425 2,93 2,490 35,666 31,00 3,6 13,692 11,980 (34,235) (7,194) 355 ,342 ,302) (,734) (2,065) 62,908 18,475 7,278 6,186 13,706 Total Liabilties and Stockholders-tevity $135,095 161,527 S57.04 ผ.706 S40776 Total stockholders equity
In his letters to shareholders in 2012, Havers CEO stated that the companys goal for the next five years was to achieve 4% to 6% sales growth each year and at least 10% growth in earnings per share Compute the sales and EPS growth (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 Sales growth EPS growth Click if you would like to Show Work for this question: 20.2 10.4 18.5 7.8 3.3 15.4 23.3 Open Show Work Attempts: 1 of 15 used (b1) Your answer is incorrect. Try again Managing a broad collection of brands is challenging. In its 2012 annual report, Haver Industries stated that acquisitions and divestitures are part of the Companys strategic focus on developing brands that offer the greatest potential for growth. The report went on, This requires some difficult decisions, including a restructuring program to reduce overhead and streamline manufacturing processes. In other words, the company strives to use its assets to earn the greatest possible return Compute the return on assets? (Round answers to 1 decimal places e.g. 52.7.) 2016 2015 2014 2013 Return on assets 8.8 11.7 12.9 12.3 Click if you would like to Show Work for this question: Open Show Work Attempts: 4 of 15 used SAVE FOR LATER
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